Take VIX Profits Too!

Lock in Another Quick Gainer

By Bryan Bottarelli
Thursday, July 03, 2008 9:56 AM EDT
Thu, 3 Jul 2008 13:56:00 GMT

Dear Bottarelli Research Member,

After locking in a nice gain on your DUG July 28 Calls (DZG GB), let’s continue our nimble profit-taking approach and lock in gains on our VIX July 25 Calls (VIX GE).We entered these calls yesterday for $1.65 and they’ve now traded as high as $2.30, good for a 39% gainer. Let’s lock in these profits too!

PLAY: Sell your VIX July 25 Calls (VIX GE) at or above $2.15, good for the day.

*Tactical Note: Looking ahead, I may begin making more frequent plays on the VIX and DUG, as they seem to be the only ones making logical moves in this market environment.

And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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